Machine Vision Systems Market to grow with a CAGR of 7.0% by 2025 Machine Vision Systems market trends | Page 3

Machine Vision Systems Market to 2025 Key trend which will predominantly impacts the market in coming year is emergence of Industrial IoT ( IIoT ) or Industry 4.0 . IIoT connects information technology with production technology , hence involving widespread analytics and data capture to frequently optimize the processes of factories . Machine vision is one of the most critical and basic technologies to provide IIoT with information . Manufacturing ’ s rapid amendment of IIoT has led to a renaissance in robotics and the renewed need for machine vision . Moreover , the conventional manufacturing systems are anticipated to renovate owing to the implementation of smart IoT technologies throughout the manufacturing operations . Also , investments in machine vision systems are known to perfectly fit in the vision of future manufacturing for automated inspection and quality management application .

The global machine vision systems market for the end-user industries is fragmented into Automotive , Consumer Electronics , Food & Beverage , Pharmaceuticals , Logistics and Others . The segmentation is based upon need for machine vision systems to improve mobility and security . Consumer electronics in the machine vision systems market acquires the majority share , followed by automotive and food & beverages . Short product lifecycles of the consumer electronics products , high quality standards requirements by consumers and high labor investments have resulted in the increasing adoptions of machine visions systems by consumer electronics manufacturers worldwide .
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